February 27, 2024

Monero changes mining algorithm to protect against ASIC and FPGA

Monero changes mining algorithm to protect against ASIC and FPGA

The developers of the Monero cryptocurrency, which is focused on increased privacy, on November 30 duringvideoconferences reported that successful hard fork took place on block 1978433. RandomX algorithm replaced CryptoNight R.

Now you can mine Monero using a video card and processor. The developers are confident that in this way the level of decentralization of the network will increase.

The new algorithm will remove ASIC and FPGA devices

In addition, quantity requirements have changed.exits. Now at least 2 are required for a transaction. The requirements for blocking time have also changed. Incoming transactions at the protocol level are valid after 10 blocks (approximately 10 minutes).

In addition, the developers abandoned long payment identifiers. This was done in order to improve the user experience and increase privacy.

Data from the Crypto Mining Blog shows that in current conditions, the AMD Ryzen 5 3600 processor produces a hash rate of 6 KH/s.

This allows you to mine approximately 0.019 XMR per day (about $1 at the current rate).

«Historically, one of the main problems with Monero is hidden mining. Switching to RandomX should make it more difficult».